22:36:43
A recent article on CNNMoney.com headlined "Homebuyers sign 16% fewer contracts in November" illustrates the point that "If it bleeds, it Leads" But you've got to read on to find that the headline may be just a tad misleading. Sure November 2009 saw fewer contracts being written and for very rational & obvious reasons. At that time, the Home Buyer Tax Credit was just being extended and expanded relieving some of the uncertainty over that program but also reducing some of the urgency felt among buyers. Top that off with Visions of Sugarplums and aticipation of the holiday season as well as the fact that it's been downright cold, why wouldn't one expect a lull in buyer traffic.
However, if you read the full article, you'll find that year over year more contracts are indeed being written this year versus last, "Despite the steep month-over-month decline in November, contract signings are still up 15.5% compared with a year ago, when the housing market was deep in the doldrums."
Now is a great time for sellers to be sprucing up their product, i.e. their homes, for the market and re-examining pricing strategy in order to position themselves to take advantage of what will surely be a busy spring selling season. Buyers, keep your eyes out for the best deals around but don't sit on the sidelines too long as, despite what the national media may have to say on the subject, the best deals are being taken advantage of and there are lots of folks ecstatic about the opportunities they've found.
Whether you're looking to buy or sell, give us a call today for the most up-to-date info on happenings in the South Brunswick Islands. Feel free to visit my personal website at www.JimmiePendergrass.com or call me at 910-575-6262.
 |
|
